Have you ever wondered why the appraiser needs a copy of the sales contract? They’re just going to use it to come in at the contract price, right (not really)? If you’ve ever asked yourself this question I hope I can help you understand why it is important that the appraiser review the sales contract […]| Birmingham Appraisal Blog
Birmingham, AL real estate appraiser Tom Horn discusses what a listing agent can do to be proactive in the appraisal process.| Birmingham Appraisal Blog
Birmingham, Alabama appraiser Tom Horn discusses what the CMA is and why agents should share it with the appraiser.| Birmingham Appraisal Blog
Birmingham, AL home appraiser Tom Horn discusses what outlier sales are and why they should not be used in home pricing.| Birmingham Appraisal Blog
Many people know what an appraisal is, and they’ve heard of a CMA (Comparative Market Analysis) and a BPO (Broker Price Opinion) but they don’t know the difference. Today I thought I would compare these 3 methods used to estimate the value of a property. Comparative Market Analysis (CMA)- The CMA is performed by real estate […]| Birmingham Appraisal Blog
Birmingham, AL home appraiser Tom Horn discusses the law of diminishing returns and how agents should consider it when pricing their listings.| Birmingham Appraisal Blog